Question
Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $19,400; Dividends $2,700; Services Revenue $36,500; Salaries Expense $26,400;
Enter the following December 31 normal balances in the first row of T-accounts below: Retained Earnings $19,400; Dividends $2,700; Services Revenue $36,500; Salaries Expense $26,400; Rent Expense $4,400; and Income Summary $0. (1) Post closing entries to each accounts T-account. (2) Compute the ending balance of each T-account, even if the final balance is $0.
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Data Analytics Using Excel Microsoft 365 With Accounting And Finance Datasets Version 3.0
Authors: Joseph Manzo
1st Edition
145333758X, 9781453337585
